No one likes the feeling of being in debt, but sadly it’s something that many of us Brits have to deal with. According to a recent survey by MoneySuperMarket, Britons owe a total of over £196 billion in debt. Half of people in the UK owe some amount of money on a credit card and 23% regularly find themselves creeping into their overdraft. So if you’re one of the many who owe money to a credit card company, the bank or even a friend, what can you do to make sure you stay on top of it all?
After many years of what some would call ‘crazy’ mortgage lending before the financial crash, mortgage markets now seem to have returned to more normal standards when it comes to lending criteria and mortgage deposits.
The term mortgage prisoners has been bandied about quite a lot in recent months due to the Mortgage Market Review (a new set of rules for the mortgage market) which were brought in to force in April 2014. The reason the story is still making headlines is because the true ramifications of these news rules are only just starting to be felt by home-owners up and down the country.
A fresh approach to housing construction has been long awaited. Two of the most important issues that it has been facing concern affordability and the impact on the environment.
At first sight deflation would appear to be a good thing for most of us. After all, the general idea is that prices go down and everything costs less. Why wouldn´t that be a good thing for most people?
To understand the effects of deflation and why it is a bad thing we need to first of all consider what it actually is.